With holidays underway Brits are advised that financial losses while away can be substantial.

Travel Insurance News - 14/08/2008

Travel industry experts are stressing to UK holidaymakers that there are a number of factors they should take into account before they actually head off on the annual overseas summer holidays – including their travel cover.

Regardless of the risk of facing emergency medical bills that could lead to bankruptcy and the theft of valuable personal items, millions of UK travellers, to save a few pounds, leave for their annual breaks underinsured, and sometimes totally uninsured.

The UK Foreign Office has estimated that the cost of an air ambulance from the east coast of the US runs between £35,000 and 45,000, which is not an amount that most holiday travellers are prepared to pay out-of-pocket.

Without having proper travel insurance, holidaymakers open themselves to exposure to this type of massive expense, and experts recommend that travel insurance be purchased at the same time the holiday itself is booked.

Given the uncertainty of the economy and the possibility of becoming unemployed, it’s also important to have travel insurance that covers the cost of holiday cancellation given this or other unforeseen circumstances that prohibit travel.

Useful Information

Cheaptravelinsurance.com is a trading name of Grovelawn Limited. Registered in England No. 05030300 whose Registered Address is 98 Station Road, Sidcup, Kent, DA15 7BY. Grovelawn Limited are an Introducer to Rothwell & Towler (2013) Ltd by whom this insurance is arranged and administered. Rothwell & Towler (2013) Ltd is an appointed representative of Crispin Speers & Partners Ltd who are authorised and regulated by the Financial Conduct Authority, FCA register number 311507. Travel insurance premiums and availability of cover may vary depending on individual circumstances. If you are a consumer insured (i.e. a person buying insurance wholly or mainly for personal purposes unrelated to your employment), you have a duty to take reasonable care to answer questions fully and accurately, and that any information you volunteer is not misleading. This duty exists before the cover is placed, when renewed, or altered at any time throughout the duration of the policy. If you do not do so, your Insurer may be able to void your policy from inception. Rothwell & Towler (2013) Ltd, Registered in England No. 08294942. Registered Office: St Clare House, 30-33 Minories, London EC3N 1PE.